Corporate Indebtedness (Tables)

9 Months Ended

Sep. 30, 2021

Debt Disclosure [Abstract]

Schedule of senior unsecured notes and other related disclosures by scheduled maturity date

The following table sets forth our senior unsecured notes and other related disclosures as of September 30, 2021 and December 31, 2020, respectively, by scheduled maturity date (dollars in thousands):

Issuance	September 30, 2021 Unpaid Principal Balance		September 30, 2021 Accreted Balance		December 31, 2020 Accreted Balance		Interest Rate (1)			Initial Term (in Years)	Maturity Date
October 5, 2017 (2)	$	500,000	$	499,885	$	499,803		3.25	%	5	October 2022
November 15, 2012 (3)	300,000		301,275		302,086			4.50	%	10	December 2022
December 17, 2015 (4)	100,000		100,000		100,000			4.27	%	10	December 2025
August 7, 2018	—		—		350,000			—	%	3	August 2021
	$	900,000	$	901,160	$	1,251,889
Deferred financing costs, net			(2,042)		(3,670)
	$	900,000	$	899,118	$	1,248,219

(1)Interest rate as of September 30, 2021, taking into account interest rate hedges in effect during the period.

(2)Issued by the Operating Partnership with the Company as the guarantor.

(3)In October 2017, the Company and the Operating Partnership as co-obligors issued an additional $100.0 million of 4.50% senior unsecured notes due December 2022. The notes were priced at 105.334% of par.

(4)Issued by the Company and the Operating Partnership as co-obligors.

Schedule of combined aggregate principal maturities

Combined aggregate principal maturities of mortgages and other loans payable, the 2017 credit facility, trust preferred securities, senior unsecured notes and our share of joint venture debt as of September 30, 2021, including as-of-right extension options, were as follows (in thousands):

	Scheduled Amortization		Mortgages and Other Loans Payable		Revolving Credit Facility		Unsecured Term Loans		Trust Preferred Securities		Senior Unsecured Notes		Total		Joint Venture Debt
Remaining 2021	$	2,744	$	189,699	$	—	$	—	$	—	$	—	$	192,443	$	209,672
2022	8,754		250,666		—		—		—		800,000		1,059,420		227,056
2023	6,583		50,000		220,000		1,300,000		—		—		1,576,583		750,696
2024	5,268		332,750		—		200,000		—		—		538,018		623,047
2025	812		—		—		—		—		100,000		100,812		1,436,027
Thereafter	911		580,547		—		—		100,000		—		681,458		2,543,144
	$	25,072	$	1,403,662	$	220,000	$	1,500,000	$	100,000	$	900,000	$	4,148,734	$	5,789,642

Schedule of consolidated interest expense, excluding capitalized interest

Consolidated interest expense, excluding capitalized interest, was comprised of the following (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Interest expense before capitalized interest	$	34,054	$	42,595	$	112,423	$	144,345
Interest on financing leases	1,229		2,198		4,215		6,010
Interest capitalized	(20,141)		(20,677)		(58,395)		(57,528)
Interest income	(335)		(580)		(1,088)		(1,727)
Interest expense, net	$	14,807	$	23,536	$	57,155	$	91,100